NXTI vs. FLSP ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Franklin Liberty Systematic Style Premia ETF (FLSP)

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	FLSP
30 Days	5.73%	0.69%
60 Days	7.47%	0.06%
90 Days	10.93%	0.73%
12 Months		6.54%

68 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in FLSP	Overlap
A	D	0.26%	0.23%	0.23%
ACI	C	0.1%	0.06%	0.06%
ADBE	C	2.94%	0.91%	0.91%
ADSK	A	0.72%	0.36%	0.36%
AFL	B	0.24%	0.33%	0.24%
AIG	B	0.2%	0.21%	0.2%
AMAT	F	0.74%	0.66%	0.66%
AMP	A	0.22%	0.22%	0.22%
APP	B	0.54%	0.31%	0.31%
BBY	D	0.18%	0.11%	0.11%
BKNG	A	0.88%	0.87%	0.87%
CDNS	B	0.87%	0.32%	0.32%
CI	F	0.36%	0.22%	0.22%
CL	D	0.55%	0.36%	0.36%
CMI	A	0.3%	0.25%	0.25%
CNC	D	0.13%	0.13%	0.13%
CTAS	B	0.55%	0.35%	0.35%
CTSH	B	0.47%	0.21%	0.21%
DECK	A	0.14%	0.16%	0.14%
DOCU	A	0.18%	0.1%	0.1%
DT	C	0.19%	0.08%	0.08%
EA	A	0.5%	0.23%	0.23%
EBAY	D	0.33%	0.18%	0.18%
EL	F	0.18%	0.1%	0.1%
EXPD	D	0.12%	0.09%	0.09%
EXPE	B	0.14%	0.14%	0.14%
FDX	B	0.44%	0.27%	0.27%
FFIV	B	0.17%	0.08%	0.08%
FICO	B	0.57%	0.34%	0.34%
FTNT	C	0.77%	0.32%	0.32%
GDDY	A	0.31%	0.15%	0.15%
HD	A	1.6%	0.28%	0.28%
HIG	B	0.13%	0.19%	0.13%
HPQ	B	0.45%	0.2%	0.2%
IDXX	F	1.04%	0.14%	0.14%
INCY	C	0.46%	0.07%	0.07%
INTU	C	2.08%	0.68%	0.68%
K	A	0.12%	0.12%	0.12%
KMB	D	0.31%	0.23%	0.23%
KR	B	0.37%	0.24%	0.24%
LII	A	0.11%	0.11%	0.11%
LYV	A	0.15%	0.12%	0.12%
MA	C	3.02%	0.77%	0.77%
MANH	D	0.19%	0.09%	0.09%
META	D	5.28%	0.45%	0.45%
MMM	D	0.47%	0.41%	0.41%
MPC	D	0.33%	0.27%	0.27%
MSI	B	0.91%	0.48%	0.48%
MTCH	D	0.12%	0.06%	0.06%
MTD	D	0.18%	0.15%	0.15%
NBIX	C	0.4%	0.08%	0.08%
NOW	A	2.29%	0.75%	0.75%
NRG	B	0.17%	0.12%	0.12%
NTAP	C	0.29%	0.16%	0.16%
PH	A	0.39%	0.23%	0.23%
ROL	B	0.15%	0.09%	0.09%
RS	B	0.09%	0.1%	0.09%
SNPS	B	0.95%	0.2%	0.2%
STX	D	0.26%	0.11%	0.11%
SYY	B	0.16%	0.15%	0.15%
TER	D	0.12%	0.06%	0.06%
TGT	F	0.67%	0.19%	0.19%
TXT	D	0.1%	0.09%	0.09%
UBER	D	1.04%	0.49%	0.49%
VST	B	0.32%	0.29%	0.29%
WAT	B	0.14%	0.14%	0.14%
WMT	A	5.09%	0.75%	0.75%
WSM	B	0.14%	0.11%	0.11%

NXTI Overweight 129 Positions Relative to FLSP

Symbol	Grade	Weight
BRK.A	B	4.18%
XOM	B	3.43%
CSCO	B	2.73%
IBM	C	2.28%
UNH	C	2.16%
PANW	C	1.5%
KO	D	1.23%
ALNY	D	1.07%
DELL	C	1.03%
PEP	F	1.02%
PLTR	B	0.99%
SPOT	B	0.93%
HON	B	0.91%
PM	B	0.9%
NKE	D	0.82%
WDAY	B	0.81%
UPS	C	0.79%
AXP	A	0.77%
BX	A	0.77%
GEV	B	0.66%
TEAM	A	0.61%
WMB	A	0.59%
LOW	D	0.59%
ABNB	C	0.58%
PGR	A	0.56%
DDOG	A	0.54%
LRCX	F	0.53%
TT	A	0.52%
ORLY	B	0.49%
ITW	B	0.49%
ALGN	D	0.47%
D	C	0.46%
NTRA	B	0.45%
SRPT	D	0.43%
MMC	B	0.43%
DASH	A	0.42%
INSM	C	0.39%
NET	B	0.38%
SHW	A	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
HUBS	A	0.34%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
GWW	B	0.31%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
PINS	D	0.29%
EXEL	B	0.29%
IOT	A	0.28%
BKR	B	0.25%
AJG	B	0.25%
IT	C	0.24%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	D	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	B	0.22%
MNST	C	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	A	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
CVNA	B	0.19%
INSP	D	0.19%
ALL	A	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	F	0.18%
FAST	B	0.18%
PRU	A	0.18%
DD	D	0.18%
KEYS	A	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ILMN	D	0.15%
HSY	F	0.15%
BAH	F	0.15%
CBRE	B	0.15%
ALKS	B	0.14%
DUOL	A	0.14%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	D	0.14%
CLX	B	0.13%
DOV	A	0.12%
AVY	D	0.12%
FOLD	F	0.12%
APLS	D	0.12%
PPG	F	0.12%
BRO	B	0.12%
TW	A	0.11%
GTLB	B	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	D	0.11%
NYT	C	0.11%
PCOR	B	0.11%
DKNG	B	0.1%
APPF	B	0.1%
AMED	F	0.1%
GPC	D	0.1%
DNLI	D	0.1%
APTV	D	0.1%
CHWY	B	0.09%
DYN	F	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 115 Positions Relative to FLSP

Symbol	Grade	Weight
QCOM	F	-0.83%
TJX	A	-0.75%
CRM	B	-0.7%
T	A	-0.63%
NVDA	C	-0.62%
GILD	C	-0.61%
MDT	D	-0.6%
ABBV	D	-0.59%
BMY	B	-0.59%
MSFT	F	-0.57%
VRTX	F	-0.49%
NVS	D	-0.48%
PYPL	B	-0.45%
NFLX	A	-0.45%
EOG	A	-0.44%
CMCSA	B	-0.42%
HCA	F	-0.36%
GM	B	-0.36%
SPG	B	-0.35%
RTX	C	-0.34%
TMO	F	-0.34%
REGN	F	-0.33%
CSX	B	-0.31%
BK	A	-0.31%
LNG	B	-0.29%
FIS	C	-0.26%
VLO	C	-0.25%
PSX	C	-0.23%
BCS	C	-0.23%
CPRT	A	-0.22%
RCL	A	-0.21%
MET	A	-0.21%
VICI	C	-0.19%
SE	B	-0.18%
APH	A	-0.18%
IQV	D	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	D	-0.16%
TROW	B	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
MS	A	-0.15%
ANSS	B	-0.14%
PCAR	B	-0.14%
NUE	C	-0.14%
AWK	D	-0.13%
DVN	F	-0.13%
LDOS	C	-0.13%
AVB	B	-0.13%
PG	A	-0.13%
LIN	D	-0.13%
TYL	B	-0.13%
CBOE	B	-0.12%
VTR	C	-0.12%
CAH	B	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
CSL	C	-0.11%
PKG	A	-0.11%
HOLX	D	-0.11%
STLD	B	-0.11%
GOOG	C	-0.11%
LVS	C	-0.11%
LYB	F	-0.11%
PHM	D	-0.11%
MRO	B	-0.1%
JBL	B	-0.1%
MAS	D	-0.1%
MOH	F	-0.1%
CF	B	-0.1%
UTHR	C	-0.1%
VRSN	F	-0.1%
BLDR	D	-0.1%
PTC	A	-0.1%
SNA	A	-0.1%
FE	C	-0.1%
ZM	B	-0.1%
GEN	B	-0.1%
UDR	B	-0.09%
L	A	-0.09%
TWLO	A	-0.09%
VTRS	A	-0.09%
EQH	B	-0.09%
SSNC	B	-0.09%
OC	A	-0.09%
AVTR	F	-0.08%
OVV	B	-0.08%
CHRW	C	-0.08%
REG	B	-0.08%
SWKS	F	-0.08%
DPZ	C	-0.08%
PAYC	B	-0.07%
FOXA	B	-0.07%
TAP	C	-0.07%
DKS	C	-0.07%
BG	F	-0.07%
GLPI	C	-0.07%
UHS	D	-0.07%
MKTX	D	-0.06%
CHKP	D	-0.06%
SEIC	B	-0.06%
RPRX	D	-0.06%
AIZ	A	-0.06%
RPM	A	-0.05%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
ON	D	-0.04%
COR	B	-0.04%
HII	D	-0.04%